Only Stella McCartney can get the fashion glitterati down to NYC's West Village on a brisk January evening. (And a Monday at that.)

The designer presented her Pre-Fall 2012 collection, though the clothes were less presented so much as worn by willowy models who milled around the restaurant. (It was held at One if by Land, Two if by Sea on Barrow Street.) Nothing quite like standing amidst a group of models to boost one's self-esteem.

But onto the clothes. Pretty, as you'd expect from Stella. Floral gowns, chic prints, and, of course, the Stella blazer. The tuxedo will never go away, and, for that, I am thankful.

It may still be hard to wrap your head around the fact that Olivier Theyskens, the Belgian designer known for his gorgeous but far-from-commercial offerings at Nina Ricci and Rochas, is now at the head of Theory—a brand formerly best-known for its basic workwear.

But looking at Theory’s Pre-Fall collection, those two sides come together incredibly seamlessly. Instead of your basic white button-down (though there are those, too), blouses came in silk in some abstract prints, some geometric prints. The basic black blazer is sharp and white, with narrow sleeves and lapels that are meant to lie inward instead of folding out. And those most basic of work-worthy shift dresses are now in gorgeous buttery leather.